Aurora, IL Investment
1313 N Lake St Aurora, IL 60506
For Lease
$2,300,000 SF/Yr
Dual-tenant property with long-term leases in Aurora, Illinois.
Days on Market248
Property Features for 1313 N Lake St
General Information
- Standard status
- Active
- Property subtype
- Retail
Building Details
- Year Built
- 1986
Listing Agency:
Bang Realty
(248) 342-9103
Listed By:
Payman Mahjoory · License #BRK.200900214
(248) 342-9103
Source:
Fortisnetlease
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Jul 26 at 3:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bang Realty
Investment Insights
Based on property information with market context.
Located in Aurora, Illinois, approximately 20 miles west of Downtown Chicago, this property is leased to Gerber Collision and Classic Towing. Gerber Collision, with over 900 locations in the U.S., has occupied the property for 20 years and amended its original lease in 2020 to include four additional five-year extensions through 2045, with 10% rent increases every 5 years. The mutually beneficial relationship between Gerber Collision and Classic Towing enhances their coexistence on the property. The property benefits from its location on Illinois Route 31 (N Lake Street), which sees over 22,000 vehicles per day. The surrounding area features major national retailers such as AutoZone, Meineke, Firestone, Starbucks, and Sherwin Williams. The property is situated in an area with strong demographics, including approximately 200,000 residents within a five-mile radius and an average household income of approximately $100,000.
Key Highlights
- Long‑term lease commitment from Gerber Collision with extension options through 2045.
- Dual income streams, with potential to increase NOI.
- Strategic location in Aurora, Illinois, with strong demographics.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Gerber Collision & Glass
Auto Repair Shop
Classic Towing (Aurora)
Auto Repair Shop
SCR Towing & Recovery ...
Auto Repair Shop
Similar Off Market Nearby
- Ornelas tires — 1001 Aurora Ave, Aurora, IL 60505, United States
- The Hail Shop USA — 970 S Lake St Unit B, Aurora, IL 60506
- South Auto Repair — 945 N Lake St, Aurora, IL 60506
- Grant Towing — 1011 Aurora Ave, Aurora, IL 60505
- baires Auto inc. — 929 N Lake St unit 3, Aurora, IL 60506
FAQs
What type of property is this?
Auto shop - Dual-tenant property with long-term leases in Aurora, Illinois.
Where is this auto shop located?
The property is located at 1313 N Lake St Aurora, IL.
What is the lease rate?
The lease rate is $2,300,000.
What are key features of this property?
This property features: Long‑term lease commitment from Gerber Collision with extension options through 2045.; Dual income streams, with potential to increase NOI.; Strategic location in Aurora, Illinois, with strong demographics.
